Northland Capmk Increases Earnings Estimates for Semtech

Semtech Co. (NASDAQ:SMTC - Free Report) - Investment analysts at Northland Capmk increased their FY2025 earnings per share estimates for Semtech in a research report issued to clients and investors on Tuesday, December 10th. Northland Capmk analyst G. Richard now forecasts that the semiconductor company will earn $0.08 per share for the year, up from their prior forecast of $0.03. The consensus estimate for Semtech's current full-year earnings is ($0.02) per share. Northland Capmk also issued estimates for Semtech's Q4 2025 earnings at $0.16 EPS, Q1 2026 earnings at $0.15 EPS, Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.34 EPS, Q4 2026 earnings at $0.44 EPS, FY2026 earnings at $1.13 EPS and FY2027 earnings at $1.83 EPS.

Other equities research analysts also recently issued reports about the company. Needham & Company LLC increased their price target on Semtech from $70.00 to $74.00 and gave the stock a "buy" rating in a report on Thursday. Summit Insights downgraded Semtech from a "buy" rating to a "hold" rating in a report on Wednesday, August 28th. Piper Sandler reiterated an "overweight" rating and issued a $75.00 price target (up from $60.00) on shares of Semtech in a report on Tuesday, November 26th. Susquehanna increased their price target on Semtech from $55.00 to $60.00 and gave the stock a "positive" rating in a report on Thursday, November 21st. Finally, Northland Securities increased their price target on Semtech from $60.00 to $66.00 and gave the stock an "outperform" rating in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, Semtech presently has an average rating of "Moderate Buy" and a consensus price target of $68.70.

Semtech Trading Up 0.7 %

Shares of NASDAQ SMTC traded up $0.43 during midday trading on Thursday, hitting $64.54. The company's stock had a trading volume of 1,194,669 shares, compared to its average volume of 1,873,087. The business's 50 day moving average is $50.53 and its two-hundred day moving average is $41.06. Semtech has a 12-month low of $18.16 and a 12-month high of $70.27. The firm has a market cap of $4.88 billion, a P/E ratio of -4.91 and a beta of 1.65.

Semtech (NASDAQ:SMTC - Get Free Report) last issued its quarterly earnings data on Monday, November 25th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.03. Semtech had a negative return on equity of 154.99% and a negative net margin of 99.08%. The business had revenue of $236.80 million for the quarter, compared to the consensus estimate of $232.89 million. During the same period in the prior year, the business posted $0.02 earnings per share. The company's quarterly revenue was up 17.9% compared to the same quarter last year.

Hedge Funds Weigh In On Semtech

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mutual of America Capital Management LLC grew its position in Semtech by 6.3% during the third quarter. Mutual of America Capital Management LLC now owns 11,285 shares of the semiconductor company's stock valued at $515,000 after buying an additional 673 shares during the period. Intech Investment Management LLC grew its position in shares of Semtech by 128.3% during the 3rd quarter. Intech Investment Management LLC now owns 30,521 shares of the semiconductor company's stock valued at $1,394,000 after acquiring an additional 17,150 shares during the period. Assenagon Asset Management S.A. purchased a new position in shares of Semtech in the 2nd quarter valued at about $13,239,000. Natixis Advisors LLC raised its holdings in Semtech by 100.2% in the 3rd quarter. Natixis Advisors LLC now owns 35,610 shares of the semiconductor company's stock worth $1,626,000 after purchasing an additional 17,823 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its position in Semtech by 135.9% during the third quarter. Harbor Capital Advisors Inc. now owns 42,560 shares of the semiconductor company's stock worth $1,943,000 after purchasing an additional 24,517 shares in the last quarter.

About Semtech

Semtech Corporation designs, develops, manufactures, and markets analog and mixed-signal semiconductor and advanced algorithms. It provides signal integrity products, including a portfolio of optical data communications and video transport products used in various infrastructure, and industrial applications; a portfolio of integrated circuits for data centers, enterprise networks, passive optical networks, wireless base station optical transceivers, and high-speed interface applications; and video products for broadcast applications, as well as video-over-IP technology for professional audio video applications.